Zoe Woolacott | 25 Aug 2021

Summer awards strengthen outlook for pay

The median pay award across the economy remained at 2.0% for the three months to July 2021, according to the latest analysis from IDR. The median has mostly held steady at 2.0% for the past 12 months, despite dips below this level in February and March. Now that the period for analysis has moved on from April, the most popular month for pay-setting across the economy, this is a quieter time for pay reviews. However, the latest figures suggest a that a brighter outlook for pay may emerge as the economy moves forward from the uncertainty caused by the pandemic.

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